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1 results

  • 6 - Investing in Iran

  • from Part II - Desultory Modernities (1914–1941)
  • Firoozeh Kashani-Sabet, University of Pennsylvania
  • Book:
    Heroes to Hostages
    Published online:
    03 August 2023
    Print publication:
    24 August 2023, pp 122-142

  • Summary

    America expanded trade and cultural relations as it faced foreign competition from the entrenched powers in Iran, Great Britain and the Soviet Union. The Anglo-Iranian Oil Company maintained its strong economic control over Iran. Despite these limitations, the Pahlavi state centralized and engaged in nation-building. However, it imposed political restrictions and censorship that privately concerned American diplomats. Iran embarked on an immense project to build a national railway system, which it inaugurated just before another global war. The repression of political dissent, particularly religious or socialist viewpoints, raised concerns about Reza Shah’s style of leadership. Some Iranian intellectuals gravitated toward intolerant ideologies that clashed with the country’s legacy of religious and ethnic accommodation.